Overview
What is Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl?
Nutsbolts&Thingamajigsthe Foundation, an affiliate of Fabricators & Manufacturers Association International, is a nonprofit organization situated in Elgin, Illinois. Its primary mission is to inspire individuals of all ages towards careers in manufacturing. To achieve this goal, the foundation provides grants to organizations conducting Manufacturing Day camps for children and scholarships to college and trade school students. During the year in question, the foundation granted 165 camps at a cost of $283,500 and awarded 62 scholarships worth $95,500. In addition, the foundation received donated services and the use of facilities worth $633,140, which were not included in the expenses mentioned. The foundation's reach extends beyond its financial contributions, as it supports organizations and future generations interested in manufacturing.
Official website here: www.nutsandboltsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization has an overall score of 95%, derived solely from its Accountability & Finance metrics, demonstrating its commitment to transparency and responsible financial practices.
One of the notable strengths of the foundation is its governance structure, featuring a fully independent board with 100% independent members. Additionally, the organization has implemented robust financial oversight, as evidenced by its perfect scores in key areas such as audit and oversight, absence of material asset diversion, and adherence to conflict of interest and whistleblower policies. With a program expense ratio of 85.48%, the foundation effectively allocates a substantial portion of its resources toward its mission-related activities.
While the foundation's financial ratios reflect strong performance, including a low liabilities-to-assets ratio and exceptional fundraising efficiency, the data does not highlight specific areas for improvement. Overall, the foundation appears to be well-managed and dedicated to its financial responsibilities, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl?
100% of 14 reviewers on Facebook recommend Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl. Here is a summary of their reviews:
The respondents express a strong sense of appreciation for the organization, highlighting its positive impact on the manufacturing community. Many seem to value the foundation's commitment to promoting the interests and advancement of fabricators and manufacturers. The historical context, mentioning the significance of Rockford and Cincinnati in the 1940s, suggests that reviewers recognize the foundation's role in supporting a vital industry with rich heritage.
Overall, the sentiment reveals a unified endorsement of the nonprofit’s efforts and initiatives, indicating that they effectively resonate with members of the manufacturing sector. This enthusiastic support underscores the foundation's relevance and effectiveness in fulfilling its mission within the community.
This AI summary has been generated from reviews found on Facebook.
Is Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl legitimate?
Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nutsandboltsfoundation.org
What is the mission statement of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl?
The mission of Nutsbolts&Thingamajigsthe Foundation of Fabricators & Manufacturers Assoc Intl is focused on engaging, nurturing, and inspiring individuals of all ages towards pursuing careers in manufacturing. To achieve this, the foundation grants funds to organizations conducting manufacturing day camps for children and offers scholarships to college and trade school students. In 20XX, the foundation provided 165 camp grants worth $283,500 and 62 scholarships totaling $95,500. Additionally, the foundation receives donated services and facility usage, although these are not included in the program's expenses.
Official website here: www.nutsandboltsfoundation.org
Who is the CEO of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl?
Edward Youdell is the Past Chair (Term Ended In 2022) of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl. The CEO's salary of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl is $0 and their total compensation is $0.
Official website here: www.nutsandboltsfoundation.org
What is the revenue of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl?
Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl's revenue in 2022 was $897,317.
Official website here: www.nutsandboltsfoundation.org
Who are the executives of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl and what are their salaries?
There 173 volunteers at Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl.
Here are 18 key members and their salaries (Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.nutsandboltsfoundation.org
Where can I find the form 990 for Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl?
Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nutsandboltsfoundation.org
Learn more at the official website: www.nutsandboltsfoundation.org
Mission Statement of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl
Nutsbolts&Thingamajigsthe Foundation of Fabricators & Manufacturers Associates International has a mission to engage, nurture, and inspire individuals of all ages in the pursuit of careers in manufacturing. The foundation achieves this by issuing grants to organizations that conduct manufacturing day camps for children, as well as providing scholarships to college and trade school students. By investing in these programs, the foundation aims to ignite a passion for the manufacturing industry and create a pipeline of skilled workers for the future. The foundation's activities have seen it provide 165 camp grants to organizations nationwide and in Canada, totaling $283,500. Additionally, the foundation has issued 62 scholarships worth $95,500, and received donated services and facility use valued at $633,140. Overall, the mission of Nutsbolts&Thingamajigsthe Foundation of Fabricators & Manufacturers Associates International is to foster interest and support for careers in manufacturing, providing opportunities for education and hands-on experience for individuals at various stages of their educational journey.
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Impact
October, 2024
Nutsbolts & Thingamajigs, the Foundation of Fabricators & Manufacturers Assoc Intl, significantly influences the manufacturing sector by fostering interest in careers within the industry, especially among younger generations. Through its initiatives, the foundation has provided substantial financial support for manufacturing day camps, issuing 165 grants totaling $283,500 to organizations across the U.S. and Canada. These camps engage and inspire children, helping to spark an early interest in manufacturing careers.
Additionally, the foundation has awarded 62 scholarships amounting to $95,500 to college and trade school students, directly contributing to the educational advancement of individuals pursuing pathways in manufacturing. This commitment not only helps alleviate financial barriers for students but also cultivates a skilled workforce equipped to meet the evolving demands of the manufacturing sector.
Moreover, the foundation has leveraged donated services and facilities valued at $633,140, enhancing its programmatic reach without further financial burden. This collaborative approach strengthens community ties and enriches the educational experiences offered. Ultimately, Nutsbolts & Thingamajigs plays a vital role in energizing the future of manufacturing by nurturing talent and promoting educational opportunities.
This information is meant to be a general summary of Nutsbolts&Thingamajigsthe Foundation Of Fabricators&Manufacturers Assoc Intl. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $41,288
- Gross Receipts: $1,191,401
Assets and Liabilities:
- Total Assets: $5,178,137
- Total Liabilities: $46,139
- Net Assets: $5,131,998
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Organization Details
Founding Year
1997
Phone
(815) 227-8249Principal Officer
Edward Youdell
Main Address
2135 POINT BLVD, ELGIN, IL, 60123
NTEE Category
Code: B82 - Education
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